At meeting held on 25 May 2021
The Board of PG Electroplast at its meeting held on 25 May 2021 has approved the following:Preferential issue of up to 10,76,904 17.96% Compulsorily Convertible Debentures (CCDs) having face value of Rs. 337/- each, for cash, for an aggregate amount of up toRs. 36,29,16,648/-, convertible into 10,76,904 Equity Shares of the face value of Rs. 10/- each at a conversion price of Rs 337/- each, to the persons belonging to "Public Category", subject to the approval of the Shareholders of the Company.
Issuance of 2,90,135 Equity Shares of face value Rs. 10/- each arising towards conversion of accrued and unpaid coupon amount on CCDs (mentioned above) at the time of maturity, at the conversion price of Rs. 337/-, determined as per the SEBI ICDR Regulations.
Preferential Issue of 11,95,950 Equity Shares of face value of Rs. 10/- each, at an issue price of Rs. 337/- each, for an aggregate amount of upto Rs. 40,30,35,150 /-, to the persons belonging to "Public Category", subject to the approval of the Shareholders of the Company.
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